January 3, 2012
Pension reform: Cheaper to do nothing?
Pushing public workers out of pension plans with guaranteed payouts could save taxpayers billions each year — but perhaps not until the folks reading this story are grizzled and gray, according to new analyses by the nonpartisan Legislative Analyst’s Office.
In the short-term, the LAO said, pension reform could actually cost governments, and the taxpayers who fund them, more.
We’ve been telling you about the two versions of an aggressive initiative filed by California Pension Reform (whose VP is Fullerton’s own Jack Dean), which are in the signature-gathering stage and aiming for the November ballot...
LINK - OCRegister.com
